Spectra Energy Earnings: What Investors Should Watch

Spectra Energy (NYSE:SE) will report earnings before markets open on Friday, May 3rd. Spectra Energy Corporation transmits, stores, distributes, gathers, and processes natural gas. The Company provides transportation and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada and the Pacific Northwest in the United States and Canada, and the province of Ontario, Canada.

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.32. For the current year, the average estimate is a profit of $1.51, which is worse than the estimate ninety days ago.